Your browser is outdated! Try to open this webpage in another browser.
Aller au contenu
2023 Annual Results - Webcast
on March 21, 2024 at 10:00 AM
Watch the replay
Peugeot Invest communication

Peugeot Invest successfully sold its stake in Groupe SEB

February 27, 2024
Download the PDF file
Download the file

Share

Peugeot Invest announces the successful disposal of 2,223,674 Groupe SEB shares, representing c. 4.02% of the company's share capital at 31 December 2023. The transaction consisted in an institutional private placement by way of an accelerated book-building process, at a price of €106 per share for a total amount of c. €236 million.

Following this transaction, Peugeot Invest no longer holds any stake in Groupe SEB and will no longer be represented in the company's governance.

Since Peugeot Invest's investment in 2004, Groupe SEB's sales have more than tripled, driven by market growth, premiumisation, the development of the Chinese market leader Supor, and the penetration of a promising new Professional market with the acquisition of WMF. The group also acted as the consolidator of its industry, while implementing an ambitious CSR approach. Over the period, the value of Peugeot Invest's investment was multiplied by 4.3x, representing a 10% IRR over twenty years.

Goldman Sachs Bank Europe SE and Natixis acted as Joint Bookrunners on the transaction. The settlement and delivery of the shares will take place on 29 February 2024.

Bertrand Finet, CEO of Peugeot Invest, commented: "We are proud to have contributed to Groupe SEB's successful development over the past 20 years, and to have supported its high-quality management team. This investment fully illustrates Peugeot Invest's strategy of creating significant value by supporting leading family groups in growth markets over the long term. This disposal is part of Peugeot Invest's asset rotation strategy.”

Disclaimer.

Access to the information available in the following pages may be restricted in certain countries by applicable laws and regulations. Persons who are physically located in those jurisdictions and who would like to access the information available in the following pages must inform themselves about and observe such restrictions. Peugeot Invest assumes no responsibility if there is a violation of applicable law and regulations by any person.

With respect to each Member State of the European Economic Area (the “Relevant Member State”) which is subject to the provisions of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 (the “Prospectus Regulation”), this press release and the information contained herein is directed only at any legal entity which is a qualified investor as defined in the Prospectus Regulation. These restrictions with respect to any Relevant Member State apply in addition to any other restrictions which may be applicable in the Relevant Member State.

This press release and the information contained herein are not intended for, and may not be accessed by, or distributed or disseminated to, persons resident or physically present in the United States of America (including its territories, the "United States"), Canada, Japan or Australia, and do not constitute, and shall not be construed as, an offer to sell or a solicitation of an offer to purchase or acquire, directly or indirectly, any shares or other securities of Peugeot Invest in the United States, Canada, Japan or Australia or to, or for the account or benefit of, any person resident in the United States, Japan, Canada, Australia including any corporation or other entity organized under the laws of the United States, Japan, Canada or Australia.

I therefore certify that:

(1) I am a resident of and physically present in a Member State of the European Economic Area, and I am either (a) a qualified investor as defined in the Regulation (EU) 2017/1129, or (b) otherwise authorized to access this information pursuant to applicable laws or regulations.

AND

(2) I am not a resident of or physically present in the United States, Canada, Japan or Australia.

I have read and understand the foregoing, and hereby make the certifications above and agree to comply with all of the above restrictions

I have read and understand the foregoing, and hereby make the certifications above and agree to comply with all of the above restrictions: